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Community Growth Around Nuclear Power Plants

Author

Listed:
  • Hays B. Gamble
  • Roger H. Downing
  • Owen H. Sauerlender

Abstract

This study analyzes the growth rates of 64 municipalities around 4 nuclear power plants in the Northeastern United States, as reflected by changes in equalized total real property market values from 1960 to 1976. Annual growth rates were inversely related to distance from the plant, and were higher after the plants became operational. Growth rates for the host municipalities were greater than those for the regions around them. Although it was not possible to isolate the specific effects of nuclear power plants on growth rates, the empirical results suggest that at least until 1976 there were positive growth effects in the host communities.

Suggested Citation

  • Hays B. Gamble & Roger H. Downing & Owen H. Sauerlender, 1980. "Community Growth Around Nuclear Power Plants," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 8(3), pages 268-280, September.
    • Handle: RePEc:bla:reesec:v:8:y:1980:i:3:p:268-280
    DOI: 10.1111/1540-6229.00217
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    Cited by:

    1. Gawande, Kishore & Jenkins-Smith, Hank & Yuan, May, 2013. "The long-run impact of nuclear waste shipments on the property market: Evidence from a quasi-experiment," Journal of Environmental Economics and Management, Elsevier, vol. 65(1), pages 56-73.
    2. Gawande, Kishore & Jenkins-Smith, Hank, 2001. "Nuclear Waste Transport and Residential Property Values: Estimating the Effects of Perceived Risks," Journal of Environmental Economics and Management, Elsevier, vol. 42(2), pages 207-233, September.
    3. William C. Metz & David E. Clark, 1997. "The Effect of Decisions About Spent Nuclear Fuel Storage on Residential Property Values," Risk Analysis, John Wiley & Sons, vol. 17(5), pages 571-582, October.
    4. Fumihiro Yamane & Hideaki Ohgaki & Kota Asano, 2013. "The Immediate Impact of the Fukushima Daiichi Accident on Local Property Values," Risk Analysis, John Wiley & Sons, vol. 33(11), pages 2023-2040, November.

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